TE Connectivity Ltd. (NYSE:TEL) Receives Average Rating of “Moderate Buy” from Analysts

TE Connectivity Ltd. (NYSE:TEL) has earned an average recommendation of “Moderate Buy” from the seventeen brokerages that are currently covering the company, MarketBeat reports. Five equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $256.5714.

A number of analysts recently weighed in on the stock. Wall Street Zen cut shares of TE Connectivity from a “strong-buy” rating to a “buy” rating in a research note on Saturday, May 2nd. Wells Fargo & Company increased their price target on shares of TE Connectivity from $214.00 to $226.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 23rd. The Goldman Sachs Group set a $286.00 price target on shares of TE Connectivity in a research note on Wednesday, April 22nd. UBS Group decreased their price target on shares of TE Connectivity from $272.00 to $261.00 and set a “buy” rating for the company in a research note on Thursday, April 23rd. Finally, Barclays decreased their price target on shares of TE Connectivity from $302.00 to $297.00 and set an “overweight” rating for the company in a research note on Thursday, April 23rd.

Insider Activity at TE Connectivity

In other news, insider Shadrak W. Kroeger sold 9,400 shares of the firm’s stock in a transaction on Wednesday, May 6th. The shares were sold at an average price of $215.00, for a total value of $2,021,000.00. Following the completion of the sale, the insider owned 25,976 shares in the company, valued at approximately $5,584,840. This trade represents a 26.57% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 28,200 shares of company stock valued at $6,211,332. 0.60% of the stock is currently owned by company insiders.

Institutional Trading of TE Connectivity

Several hedge funds have recently made changes to their positions in TEL. Norges Bank acquired a new stake in shares of TE Connectivity in the 4th quarter worth $938,706,000. J. Stern & Co. LLP acquired a new stake in shares of TE Connectivity in the 4th quarter worth $445,402,000. Arrowstreet Capital Limited Partnership lifted its stake in shares of TE Connectivity by 124.4% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 3,105,167 shares of the electronics maker’s stock worth $706,457,000 after acquiring an additional 1,721,235 shares during the period. Bank of America Corp DE lifted its stake in shares of TE Connectivity by 27.5% in the 2nd quarter. Bank of America Corp DE now owns 6,274,917 shares of the electronics maker’s stock worth $1,058,390,000 after acquiring an additional 1,352,152 shares during the period. Finally, Robeco Institutional Asset Management B.V. lifted its stake in shares of TE Connectivity by 183.6% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 1,530,414 shares of the electronics maker’s stock worth $348,184,000 after acquiring an additional 990,703 shares during the period. Institutional investors and hedge funds own 91.43% of the company’s stock.

TE Connectivity Stock Up 0.1%

Shares of NYSE:TEL opened at $202.83 on Friday. The stock has a market cap of $59.21 billion, a P/E ratio of 20.72, a P/E/G ratio of 1.44 and a beta of 1.18. The firm has a fifty day moving average price of $212.04 and a 200 day moving average price of $223.50. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.89 and a quick ratio of 1.20. TE Connectivity has a 1-year low of $155.37 and a 1-year high of $252.56.

TE Connectivity (NYSE:TEL) last issued its quarterly earnings results on Wednesday, April 22nd. The electronics maker reported $2.73 earnings per share for the quarter, topping analysts’ consensus estimates of $2.70 by $0.03. The firm had revenue of $4.74 billion during the quarter, compared to analysts’ expectations of $4.72 billion. TE Connectivity had a net margin of 15.54% and a return on equity of 23.56%. TE Connectivity’s quarterly revenue was up 14.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.10 EPS. TE Connectivity has set its Q3 2026 guidance at 2.830-2.830 EPS. Sell-side analysts predict that TE Connectivity will post 11.28 EPS for the current year.

TE Connectivity announced that its board has approved a stock buyback program on Wednesday, March 11th that permits the company to repurchase $3.00 billion in shares. This repurchase authorization permits the electronics maker to buy up to 5% of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s board believes its shares are undervalued.

TE Connectivity Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 12th. Stockholders of record on Friday, May 22nd will be paid a $0.78 dividend. This is a boost from TE Connectivity’s previous quarterly dividend of $0.71. The ex-dividend date is Friday, May 22nd. This represents a $3.12 annualized dividend and a dividend yield of 1.5%. TE Connectivity’s dividend payout ratio (DPR) is 29.01%.

About TE Connectivity

TE Connectivity (NYSE: TEL) is a global industrial technology company that designs and manufactures connectivity and sensor solutions used to enable the flow of power and data in a wide range of applications. Its product portfolio includes electrical connectors, cable and wire harness assemblies, sensors, relays and switches, fiber-optic and coaxial interconnects, and other passive and active components that provide mechanical and electrical connections in complex systems.

The company’s products and engineered solutions serve diverse end markets such as automotive and transportation, industrial equipment, data communications and networks, aerospace and defense, medical devices, and energy.